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LumaTax Raises $2M For Small Business Tax Reporting Software

socalTECH

LumaTax develops software which can be used by small businesses to automate the paperwork required for paying sales taxes. The startup is led by Robert Shulte, who was founder of sales tax software provider Taxient, which was based in San Diego, and who he sold to tax software developer Avalara in 2010.

Software 100
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Pacific Consolidated Buys Saucey, Emjay

socalTECH

(PCH) announced on Wednesday that it has acquired both alcohol delivery and logistics platform Saucey , as well as cannabis delivery and retail software developer Emjay. Saucey was launched in 2014, and says it now serves 22 U.S. Financial terms of the acquisition were not announced.

San Diego 113
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Rincon Venture Partners Sees Exit At Rentlytics

socalTECH

Rentlytics has been acquired for $57M in cash by RealPage , a Texas software developer for the multi-family real estate industry. Rincon had been part of a small, $4M seed funding round for Rentlytics in 2014; it's unclear how much capital the company raised subsequent to that seed funding. READ MORE>>.

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Edgewave Raises $2M For Cyber Security Efforts

socalTECH

San Diego-based cyber security software developer EdgeWave has raised $2M more in a Series A funding, the company said Wednesday. The company said the new funding brings its total raised in 2014 to $8M. Navy Captain Mike Walls, and says it prvides military-grade, cyber seurity software. The funding included $1.2M

San Diego 149
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BlackLine Reports 60 Percent Rise In Revenues

socalTECH

Los Angeles-based financial software developer BlackLine Systems , which develops financial close automation software, reported yesterday that its revenues were up nearly 60 percent in the second quarter of 2014, compared to the prior year. blackline systems revenue growth software automation financial'

Report 138
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Chrome River Expands In Asia Pacific

SoCal Tech Calendar

Los Angeles-based expense and invoice management software developer Chrome River says it has launched operations in the Asia Pacific, and set up a new company based in Sydney, Australia. The office is its second overseas; the company opened up an office in the UK in 2014. READ MORE>>.

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X1 Claims Strong Growth

socalTECH

Pasadena-based enterprise search software developer X1 --one of the longest running offshoots of Idealab--reported today that it had a "record" sales year for the company in 2014. The company said its biggest purchase was a $1M contract from a large, US government agency for a 20,000 seat install of its software.

Idealab 100